The universities of Manchester, Leeds and Sheffield have received government funding to improve the commercialisation ecosystem in northern England.

The universities of Manchester, Leeds and Sheffield are to launch a £5m ($6.6m) bid to improve access to finance for spinouts in the north of England.

The Northern Triangle Initiative (NTI) will focus on joint intellectual property (IP) generation in common areas of expertise for the universities, including advanced materials, medical technologies and computer science.

The scheme will receive the £5m injection over three years, to support the creation of some 75 tech transfer projects. The universities also plan to…